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Forex Trend Analysis Report

Prepared for you on Monday, April 22, 2024.

Mexican Peso/Czech Koruna (FOREX:MXNCZK)

Crossroads (-60) - MXNCZK is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid MXNCZK?

MarketClub looks at technical strength and momentum to determine if the timing is right for MXNCZK.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_MXNCZK
Open High Low MXNCZK Price Change
1.3901450 1.3924250 1.3807200 1.3839589 -0.0061860
Entry Signal

MarketClub’s Trade Triangles for MXNCZK

long term up The long-term trend has been UP since Mar 2nd, 2023 at 1.223425

intermediate term down The intermediate-term trend has been DOWN since Apr 16th, 2024 at 1.405110

short term down The short-term trend has been DOWN since Apr 12th, 2024 at 1.425820

Smart Scan Analysis for MXNCZK

Based on our trend formula, MXNCZK is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for MXNCZK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.3901450 1.3924250 1.3807200 1.3839589 -0.0061860
Prev. Close Volume Bid Ask Time
1.3901450 2024-04-22 18:56:25
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